Balyasny Preparing For 2016 “Challenges” Ahead; Looks To Hire

2015 was a significant year for Balyasny Asset Management (BAM). From a business perspective, the hedge fund was said to have benefited when Steven A. Cohen rolled SAC Advisors into Point72 Asset Management and withdrawing from managing outside money. Many of the investors fled to BAM, known as a leading noncorrelated hedge fund that really hedges, and their assets under management swelled to near $29 billion. The investors were also rewarded in 2015 on a relative basis, particularly as they so deftly managed the predicted volatility ahead of a then risk of a Fed rate hike leading into September and…